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taxes, the economy has grown whether on the left with president kennedy or left with reagan. the left said clinton raised taxes and what is often ignored, clinton cut the capitol gains tax and he cut spending as aercentage of gdp. the obama administration want to go the opposite way, if they do they will make fdr a libitarian. >> jamull is it good or bad for the economy? >> i don't think the president said that they should take a hike if the tax hikings don't happen. our biggest problem are the spending cuts . bigger than that are the job losses, and so i am going to talk about tax cuts, a huge one to see happen the vernment should give tax cut to companies so they can hire new workerings, spending cuts and focusing on the dicit, that is moving us in the wronging direction. if we want to talk about tax cuts, give the corporations that are sitting on records and the dow closed at record highs, give them a tax cut to hire new workers. >> toby, tax hikings are the issue here. this is what dems are calling for. is this the time with the recovery, so, so iffy to do that? >> no remember the
this discussion many times. every time we cut taxes, the economy has grown whether on the left with president kennedy or left with reagan. the left said clinton raised taxes and what is often ignored, clinton cut the capitol gains tax and he cut spending as a percentage of gdp. the obama administration want to go the opposite way, if they do they will make fdr a libitarian. >> jamull is it good or bad for the economy? >> i don't think the president said that they should take a hike if the tax hikings don't happen. our biggest problem are the spending cuts . bigger than that are the job losses, and so i am going to talk about tax cuts, a huge one to see happen the government should give tax cut to companies so they can hire new workerings, spending cuts and focusing on the deficit, that is moving us in the wronging direction. if we want to talk about tax cuts, give the corporations that are sitting on records and the dow closed at record highs, give them a tax cut to hire new workers. >> toby, tax hikings are the issue here. this is what dems are calling for. is this the time with the recovery
this economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013, created by l.b.j., destroyed by the g.o.p. i don't think so. seniors don't want it. americans don't want it. the last campaign for presidency, this was one of the major issues and ryan is coming back with it. bad idea, bad timing. and i want to end with this, this is a great country. there is no other place in the world like the united states. it is one terrific country. there is enormous energy in this country, where people want to get a job and go to work and businesses want to grow and hire people. all of that is waiting for congress to get its act together, to get this sequestration out of the way
home building numbers today too. >> that too. we're in a niche market. the u.s. has had their economy outperform other economies and i think it's a flight to safety relative to the u.s. markets on one hand and it's an unwind from the bond market and risk exposure going forward to rate changes on the other hand. so it's both a flight to safety as well as, you know, what's really going on domestically and people are looking at a twist now with the fed and what their posture will be heading forward. >> i'll be back, adobe earnings at the top of the hour. >> take care, maria. >> what do you think? we're finishing positive here. this market doesn't want to go up? you think some of that's short covering? >> i think that's what we're see right now. finishing up the day. right now people will have to play it cautiously. we haven't seen the end of the cyprus thing. we have some negotiating going on from russia. the impact of that, as you mentioned, is a little minor relative to the size and scope of them, but it's whether or not that moves into italy, spain, as we've all been talking about. >>
it raises cannot continue. it is a threat to this country. it is a threat to our economy. common sense confirms it. any belief in science tells me to believe that there is no bigger problem. [bell] >> let me quote the cheney who said ronald reagan taught us deficits do not matter. dick cheney was wrong. he is wrong then and he is wrong now. deficits matter. anyone who supported the bush has no business talking about debt. [booing] i helped bill clinton balanced the budget and built a surplus because we had good economic times. good economic times should pay down the deficit as clinton did but to reagan and bush did not. in bad times you have to stimulate and the airtime as president obama is doing. it is like listening to lectures on hygiene from type 40 -- typhoid mary. is more important to america's pursuit of happiness? which is more dangerous to america's pursuit of happiness? eight 350 format before a 44 ounce big gulf. if you come to my house, you would find guns but no cans of soda. i have the right wing position on the giant drink soda thing. i do not like the idea. idea of the
. they're the one place left in our economy where you can find some bargains. >> margi, weigh in on the risk in trade. it went through a lot of volatility last year. this year seems to solidly be risk on. but the question is, at what point does that dynamic change? >> well, i think you're starting to see, lately, some of the large, more conservative names take the leadership. and that says to me, maybe the market's running out of a little bit of gas here. we need a new change in the market to draw in some of these cash reserves to take the market to a higher level. but still, in all, i think it's going to be a very good year nor the risktaker this year. i think stocks will be the top-performing asset class. but we certainly need some more money to come in, to break out of a -- into a new level from these prices here. >> and bernie williams, those retail sales numbers were encouraging this morning, weren't they? >> yeah, they were. and they're just another reason to provide some uplift to this market. that combined with the unemployment numbers. you do have a little bit of a he
numbers on the handling of the economy -- >> if you were a republican right now you'd say i'm sorry, wait a minute. five minutes ago you were beating us about the head and talking about how terrible things were because of the no-good awful republican congress and now we're going to have lob sterp together and suddenly we're friends. gwen: the president was allowed to -- wasn't allowed to eat the blueberry pie because it hadn't been tasted by official tasters. >> maybe but that's why i couldn't be president. everything john says is true. his numbers are going down. republican numbers are already as low as they can go. but the president has to decide what he wants his second -- second term to be. lurching from crisis to crisis or actually getting something done? even on immigration and gun control where you know he really wants to get something done, the goal is not just to get a budget or a grand bargain but even if he can get 10, 15, 20 republicans on his side on those issues then he's going to be able to accomplish something. gwen: are those republicans there? >> i think there are some w
to the economy, and now we see china trying to grab a piece of the action. what do you think of that? >> well, it shouldn't surprise me. they have invested in the oil sands and in alberta, there's a pipeline in canada. it seems like a natural move for them, but i have to tell you i'm uncomfortable with chinese company, which is probably state owned or at least has state money involved in it, setting up a fuel stations in the united states, at least, i hope they use american equipment and american people to build them. >> it's an open question. i'm sure they will, but, you know, to what degree, because i know a lot of countries had issues with the chinese coming in and making a move on natural resources in their country. do what degree do we oppose that or get in the way of that? what makes sense? what policy should the government pursue, frankly? >> well, if they want to buy them, that's fine, but i permly have a problem with them coming in and buying our land, and they are doing it right now with oil reserves in texas and oklahoma, so i got a problem with it. i just don't know as a free trad
for a retirement crisis even as the stock market sits near highs and the economy shows improvement. host: so we're getting your take on this. your retirement andization. tell us if you are and why and if you are not, why not? it's a story in the "usa today" as well this morning confidence in retirement continues to flail about this report, because americans have to cope with many immediate financial concerns retirement is taking a backseat. only 2% of workers and a% of retirees say retirement is their most pressing issues. among other worries -- host: at least many americans have a more realistic perspective about retirement says the senior vice president of retirement and investor services at the principle financial group. host: in arkansas, a democrat, are you saving? caller: yes, i save every penny i can get my hands on. host: 401-k or how are you saving? caller: c.d.'s and bank accounts that are ensured. host: why not put it in the market? caller: i can't afford to lose it. i've seen too many people lose their behinds and with what little money i've saved all my life, i can't afford to lose
. that's good for 125th in the world. per sapt a gdp, $26,900. 71% of the economy service based. tourism big there. 20% is industry. 8.5% agriculture, mostly olives and citrus. in a nut shell, finance ministers are going to hold a conference call this evening to discuss a proposed bailout for the cypriot banks. the plan started this weekend included taking money from regular bank deposit, large and small, 6.75% to almost 10% if you've got more than 100,000 euros in an account over there. why are those banks in cyprus in trouble? they were heavily exposed to greek debt and we all know what happened there with the greek debt, both public and private. then the cypriot banks were national as ied to prevent an need colorado lapse. european regs, that's where the rest of europe comes in. instead of sending a bailout like it did in spain and greece, germany wants to raise money from actual people with deposits in those banks. here's how goldman sachs' paul o'neill summed it up on "squawk" this morning. >> i got off a plane from singapore saturday morning and i thought my jet lag was up but i wa
and what we really need to do is to focus on growing the economy. the deficit is there. we can deal with it. but growing the economy is the first priority. >> yeah. >> congressman ryan, president obama campaigned on protecting the middle class. so why all of a sudden is chained cpi up there for grabs. even nancy pelosi is starting to embrace it here. are we seeing the democrats shift towards the republican position on protecting the big three? >> well, i'm not sure nancy pelosi is there just yet. i thought she was very careful on what she said, protecting the poor, protecting those seniors. so everything's fungible. and i'll go over battles for the poorest of the poor, our children and senior citizens with nancy pelosi any day of the week. and i'm confident in the house with the leadership of people like keith and john that we will be able to hold a line on some of this from the democratic side. but it does get worrisome every now and again when you hear these comments. i know you've got to be conciliatory and be ready for a grand bargain, but we're not going to sell our soul in the process
over republicans handling the economy to just a four-point advantage. congress is down there with saddam hussein and gaddafi and popularity, except that the other guys, being dead, don't really care. congress does. the president has to do the charm offensive because he got cocky. he won the election and he crushed republicans on the fiscal cliff, and he tried to do it on sequester. sequester, the way he pushed it, was a mistake. he overshot with talk of the apocalypse, which exposed and to ridicule. but then he acted so cynically with the biggest example being the shutting down of the white house tours, and people can understand that the administration was deliberately trying to find stuff that would be painful and visible rather than being economical with cuts. that is white and he had to retreat -- why he had to retreat. purposes.s serves two it makes the eu and look efficient by contrast, and makes the president's job rating look good by comparison. a continuing resolution, a washington speech, -- to fund, government's there will be an agreement on that pit the crunc
she said yes before we prosecute bankers we ask for permission. will it help the economy? will it help the bank shareholders? who gives a damn if it hurts the bank shareholders. did they ask you is it going to hurt your family or your shareholders? no there's two separate sets of rules. we'll talk more about that tonight. right now "viewpoint" is next. stay right here. >> john: for the past few days rome has been a gathering of men, mostly in costume but now argentinian cardinal jorge mario bergoglio is now francis 1. i wish he would have kept the named jorge. they tried to use the old electronic voting machines but they had to stop because every time they voted george bush kept winning. that's not true. president obama tried the charm offensive on republicans who were offended by his charm. the only way you can get modern republicans to agree on government spend something to declaring war on the country that never attacked us. today is the birthday of earl gray and adam clayton and j.p. morgan ceo jamie dimon. wouldn't it be great if all of we taxpayers got together and buy him a gift
challenge of dealing with our economy. meaning, he would be a true leader and we would have a budget that cuts entitlements strips money from programs from those who actually need it. and it balances out. maybe that's why the president likes to stay at home in the white house after all. joining me is peter welch of vermont, who had a chance to meet with the president today. congressman, thank you for being on "viewpoint" this evening. >> thank you. >> john: you met with the president earlier. how would you describe the meeting? were you encouraged at all by what you heard? >> quite a bit? >> john: really? >> yes, the president had a brutal campaign and he won on a very explicit commitment that he would about up the economy bring down the deficit. that was the argument to bring down the debt. there is not a disagreement between him and mr. boehner about the debt. it's how we do it and when we do it. it was reassuring when he said he was not going to chase a bad deal. he was asked about the cpi which was a great concern to democrats. what he said was look, he's going to totally maintai
. that is terrible for the economy. march 27 there will be a speech in georgia from steve moore. i'm sure the last thing he will say is we need to increase taxes. host: where do you see and that they can come together? caller: i have been working in politics 50 years. the republicans have compromised ourselves into a $16 trillion debt. it's time for the democrats. we have got to cut spending. obama is not doing anything accept raising taxes -- except for raising taxes. the rich are the heroes because they create jobs. i'm not against poor people, but they cannot give anybody a job. we need to stop the attacks on the rich. we need to cut spending. i am thinking of changing my name to cut spending. host: here is what steve wrote on twitter -- let's hear from dennis in massachusetts, independent. caller: how are you? i am reacting to the report that the senate plan suggests another quarter billion dollar cut to medicare after the $760 billion cut that the senate democrats have already made. as your reporter just said, but guess you havd, it's doubtful that will not affect medicare beneficiaries. i am
is the security industry as a more efficient supplier of funds to the real economy than banks. it's simply less costly to sell bonds, notes and commercial paper to investors and to borrow from a bank. the mid-1980s intermediating transactions, the security industry has supplied 15 times more financing to the real economy and banking and has done so without government regulation. when the financial crisis came, lipid regulated investment aches like bear stearns, lehman brothers and merrill lynch did no worse than heavily regulated fdic insured commercial banks like waconia, washington mutual and indie mac. it's hard to see more and tighter regulation is the end there. what we are watching the name of prudential regulation is the government squeezing the life out of the banking industry through the interstate commerce commission gradually squeezed the life out of the railroads. if we let the government insurance provide regulation to the security business for some regulators have now proposed will pay a heavy price in lost economic growth. finally, it even natural supporters of free-market and me
. find out how this publicly-traded company grows even in the face of a weak economy. david: let's look what drove the markets today with today's data download. stocks pulling back with all three major indices closing lower. the dow snapped its longest winning streak since 1996 falling in into the red after ten straight days of gains. dow, s&p, nasdaq all ending higher for the week. utilities and financials were the week's top performing sectors, while telecom, consumer staples lagged a bit. consumer prices rising at its fastest pace in nearly four years in february, jumping .7%. the jump was fueled by a 9% surge in gasoline prices. so it was limited primarily in that one area. a 5.4% climb in energy prices overall. >>> preliminary reading showed consumer sentiment tumbled in early march to the lowest level in a year as americans face uncertainty over federal spending cuts. the index dropped to 71.8 level this month, far below february's reading of 77.6. economists forecasts of 78, sandra. sandra: we've got mark sebastian in the pits of the cme group in chicago. our market panel. john b
goals. the coalition drawdown will have an impact on afghanistan's economy which is likely to decline after 2014. in pakistan, the government has made no effort to institute -- this past year, the pakistani armed forces continued operations in tribal areas which have been safe havens for al qaeda and the taliban. pakistan saw fewere domestic attacks from the militant group. violence, corruption and this cretinism in africa will threaten u.s. interests this year -- and extremism in africa will threaten u.s. interests this year. we still see a result conflict between sudan and south sudan, extremist attacks in nigeria, a persistent conflict in central africa. china is supplementing its more invest military capabilities but altering maritime law enforcement to support its claims in the south and east tennessee's. it continues its informations dealing campaigns. russia will continue to resist putting more international pressure on syria or iran and display its sensitivity to missile defense. latin america and caribbean contend with weak institutions and trafficking which pose a threat to
the economy is slowly getting better. if you look, this week wasn't a real robust week in terms of data, but you did have better retail sales. you had better initial claims. today, capacity utilization at five-year highs. i think that was very impressive. so i think you continue -- we're continuing to look at about 2, 2.5% gdp. and i would say that earnings in the fourth quarter were definitely better than expected. and should we actually start to see the global easing around the world start to work, maybe your up side is on the revenue line. if margins can stay -- kind of stay where they are, i think you can have revenue acceleration over time. >> i want to get your take on what we heard this morning, rick santelli. bill miller on "squawk box" this morning. listen to what he said about stocks, talking about how that impacts the whole market. >> i think there's a lot more to go. stocks are cheap relative to bonds, and they're cheap relative to sort of the absolute levels that you'd expect, even at normalized bonds. if ten-year treasuries go to 10%, we had 6% ten-year treasuries in the 1
the week. the president has been battling republicans over a way forward for the nation's economy. has the president, do you think, lost any leverage following the sequester? which some commentators are suggesting has not been anywhere near as bad as the president, himself, warned it would be? >> well, i think that the steps that he took in 2009 and 2010 and beyond have been great steps, and the american, in terms of bringing the country back, and the american economy is a resilient economy. but it was never the case that the sequester was going to on day one drag the economy down. and, you know, the concern is over the next six months and over the long term. one projection of one of the, i think macroeconomics said they expect to see 700,000 jobs lost as part of the sequester. that's going to be over time. so the wise thing to do would be to find a sensible replacement for the sequester in the coming months. and i think that's what his efforts are going to be placed. and hopefully he'll find partners on both sides of the aisle to do that in the coming months. but let's be honest about
$85 billion of spending and as many as three-quarters of a million jobs out of the economy this year. we've gotten used to republican leaders insisting the national debt is the nation's number one priority. but that might be so last week. here is congressman paul ryan on "face the nation" this sunday. >> we do not have a debt crisis right now, but we see it coming. we know it's irrefutably happening. if we follow the president's lead or if we pass the senate budget then we will have a debt crisis then everybody gets hurts. you know who gets hurt first the poor and the elderly. that's what we're trying to prevent from happening. >> john: preventing a debt crisis to help the poor and elderly. that sounds like a really good idea. could speaker of the house john boehner agree with congressman ryan on this? >> we do not have an immediate debt crisis, but we all know that we have one looming. it could be a year, two years three years four years. it's not an immediate problem. >> john: how about canceling the sequester mr. speaker. while the national debt may not be an immediate problem sur
down. >> george bush ruined the economy. obama is trying to save it. >> stephanie: yes, lowest level of spending since eisenhower. rush limbaugh >> so what the left tries to do -- you'll hear this fill this pulpit praise for his behavior towards the poor and people in the thir world, and it's going to be an attempt to soften him up, because eventually what they want him to do is renounce christ. that is the objective of the progressives who oppose the catholic church. >> stephanie: oh! oh! it's progressives that -- you mean alter boy rape? what do we oppose? >> no progressives want the pope to renounce christ. >> stephanie: oh yes, that's on the top of my list. >> huh? >> he is just making stuff up. >> stephanie: and that's why pat boon would come in on fox business channel. >> he is following his play book which is [ inaudible ] rule for radicals. >> come on. >> this is the guy that trained him to be a marksist, a socialist, a progressive -- >> those are not the same things! >> -- but there has to be some kind of reasoning for what he does. he has a plan which he
people, but the economy, that was a glimpse of the kinds of effects that you could create with a cyberattack. that is why it has our attention. >> that is why individual industries, and given the potential, had preemptive action today. >> senator, i think that this set some standards and goals. we have identified the correct relationships between commercial and private and government. .. i presume that you are seeing huge pressures as naval forces are withdrawn because of budget pressures, but also can you comment on the role of coast guard because even though it's not the jurisdiction i present a place of very large role, too. if the idb to push its in your al because that will degrade. >> i think i plan to grow on their life in that part of the world. we are ensuring that they hip and shoulder to shoulder. as you say with a secret regime, i occupy a seat that is before suitable combatant commanders. we didn't get much that we get just about zero now if sequestration stands. what that translates to his last year we get 150 to 200 tons of cocaine on the high seas, coast gu
this economy, the obama economy on its way back. happy. are you ready for this? are you ready, dan? a happy friday. ♪ alleluia. ♪ >> bill: friday march 15th. ♪ alleluia. ♪ >> favorite day around the full court press. it seems like this friday was a long time in coming. i don't know. maybe it's because this week -- this was a 5-day work week for me. >> appear 5-day work week >> bill: i didn't get to take a couple of days off this week. great to see you this friday. thank you for joining us here and being part of the full court press as we come to you live on current tv, as we come to you live on your local progressive talk radio station where you happen to be in this great land of ours, whether it's los angeles or chicago or asheville, north carolina or buffalo, new york or any spot in between or -- and how about madison wisconsin? didn't mean to check over that. a lot of great places. also, coming to you live on sirius xm, this hour only. lots to talk about. a lot that you are going to want to comment on. we will give you a lot of different ways to
secretary jack lew weighs in on the markets and the american economy. his interview just ahead. >>> and the tsa under fire. the growing backlash over knives on planes. what every traveler needs to know. good evening, everyone, and welcome to our public television viewers. suzy, the market beat goes on and on. >> it's like the energizer bunny. it just keeps going and going. the dow marches on higher for the tenth day in a row, the first time since 1997 -- 1996. it ended at 14,539. the nasdaq added 14 and the broader s&p 500 gained almost 9 points, and it's now just 2 points away from its own record high close. >>> there is some concern that the rise in the markets may have been too high too fast. and this could be the start of a market bubble. but newly installed treasury secretary jack lew tells steve liesman not so. >> the analysis i've seen doesn't give me reason to be worried right now. >> we'll have more of steve's interview with the treasury secretary in just a few minutes. >>> as the dow hits unprecedenteded heights and the s&p 500 nears its own peak tantalizingly close t
as the economy gains steam. can this party last? it's monday, march 18th. >> announcer: from abc news, this is "world news now" with john muller and diana perez. >> hey, wow. >> who? >> they said our names. >> let's hear that again. >> cue that up again. ♪ >> "world news now." >> announcer: from abc news, this is "world news now" with john muller and diana perez. >> sounds nice, right. >> that's you. >> let's do it. >> that's you, me, us. welcoming a familiar face to our anchor desk. here this morning. of course, a face that you recognize. john muller, congratulations. welcome to the team. >> a thrill to be here. i have filled in dozens of times. hopefully a few of you know me. out there. like i said all morning long, i have always been a fan of the show. i always really watched it because i used to do another show cross town locally. i would look up from the makeup chair and be like those poor guys are already up and doing it. what i am about to do. i thought i was the only one up at the hour. i'm a night owl. and i have always loved the show. tradition of people sitting in the cha
has shaken the world of tax havens and the multitrillion dollar economy of offshoring. cyprus, of course, a classic tax haven for the wealthy. russians invested more than $119 billion in cyprus in 2011 alone. they accounted for about a third of total dpos its. the new tax on deposits, let's call it what it is, a wealth tax, has americans worrying about other tax havens. more than $20 trillion held around the world in offshore havens. their favorite tax havens are in the caribbean. namely the cayman islands, bahamas, british virgin islands. globally the channel islands, monaco, switzerland and swing pore. caribbean countries in much better financial shape and more stable legal systems than cyprus. the capital structure of some of these offshore banks remains a mystery. governments in the tiny island nations are notoriously prone to corruption and sudden policy shift. many say cyprus isn't likely to repeat soon. the crisis is another reason offshoring may become more risky for the world's wealthy. >> thank you so much, robert frank. >>> i'll talk exclusively with john thain next
moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: a decade after the iraq war began, the violence has not abated. today was the bloodiest day this year, as insurgents staged multiple attacks. a high-level minister was assassinated and dozens more died. a warning: our story contains some graphic images. thick, black smoke rose above the sadr city district in baghdad, where a car bomb went off today, in one of several coordinated attacks to rock the iraqi capital. 65 people were killed and more than 100 wounded. in another instance, an explosion ripped through a popular market near baghdad's fortified green zone. >> there is a checkpoint at the main gate, but it is in vain. they do not s
back their money only to see the economy falling apart. you're not winning on those issues, oath either, john. >> joan, you're so right. you are better on this than i am normally. equal pay for equal women. your party has been slow on that. >> i agree. i'm following our party. those are the changes that we should be making. here's what the real difference between the two parties in my opinion are. >> okay. >> the republican party has always said we're going to make sure you have opportunity that leads to unlimited success but not guaranteed success. that was the american dream. we've given that up because people say it's not attainable anymore and the democrats are selling we will give you guaranteed success but it's going to be very limited. >> who says that? >> no one guarantees success. >> find -- >> it's the governmental -- >> john, i don't know any democrat who talks like that. >> there's no no one who wants to guarantee success. >> i've never heard that anywhere. >> no, it's all about equal opportunity. we are about guaranteeing equal opportunity. we are about leveling the playing
the fed is pumping into the economy every month. yesterday's introduction of the new pope igniting a social media frenzy. twitter says 130,000 tweets permitted were posted about the new pope. notable considering it wasn't a prime time event. for a short time every trending topic was pope related and only by 6:30 p.m. eastern mentions of bergoglio on facebook were up by nearly 4 million percent. >> is he on twiter? >> i think he is. >> back up, yeah. >> tweeted last night. >> he did. a lot of people are following that. i think the last time we had a pope -- new pope so it wasn't even twitter. this is a whole new phenomenon for catholics to watch this news. meantime, incredible study this morning. more and more parents are stressed out. a new study from pew research. >> wait a minute. someone put money into a study. that's ridiculous. >> more than half of working moms are stressed and dads are right behind them. >> that sounds low. >> parents take on new roles. more moms are work ought side the home today with moms saying they spent 21 hours per week at a paying job, up eight hours f
the economy going, get jobs back, and i spent hours this week in the budget committee. i'll be going back soon. the budget is on the floor next week. and those will continue to be the issues that i'll put my primary focus on. >> reporter: what do you say to a gay constituent in ohio who says, i'm so glad he changed his position but why did it take him learning that he has a gay son? why didn't he as my representative care about my rights before that? >> well, i would say that, you know, i've had a change of heart based upon a personal experience. that is certainly true. dick cheney i think had a similar experience. i've talked to him, by the way, about this. you know, it wasn't an issue i had given much thought to prior to that. maybe i should have but the reason i got into public service was because of my concern on the economic and budget issues. that's always been my focus. >> reporter: you just walked into the very last question i promise i will ask which was going to be about dick cheney. you said you did talk to him. did you call him for advice because he had a situation very similar? >>
of the economy more than most and was gratified proctor cooled yesterday, k kimberley cooled. >> there is the sentiment, some anxiety things have been quiet, almost tranquil in a way. >> it's a western? the man who shot liberty prokt sfer. >> invariably something always comes. i don't know whether it will be. geopolitical as we worry or wonder or watch things in iran or north korea. i know. i'm just -- >> 1996. it was pretty darn good for a while. wasn't until the asian contagion, nine months later. >> then we got long term capital, then the fed lowered rates by 50 basis rates. off to the races like never before, ever. that being said, this is 20 13. not 1996. >> we're doing stress testing on banks like we weren't doing back then. we'll get more results tonight. >> we don't have the internet just beginning to blossom. >> no, but we do have situations where -- i'm reading about the elephant in the room which is the galaxy. suddenly they've got a keyboard -- i've been trying to get that keyboard. it does not get me wrong every single time. it remembers what i've got, what i wan
a balanced budget just for the sake of balance. my goal is to how do we grow the economy, put people back to work, and if we do that, we'll bring in more revenue, if we control spending and we got a smart entitlement package, what you have is balance, but it's not balance on the backs of the poor or elderly or students who need student loans or families with disabled kids. not the right way to balance the budget. >> tom price is the republican from georgia. vice chair of the budget committee. nice to see you, sir. they call it a charm offensive. and the national journal quoted a white house who said this. this is a joke, waiting the president's time in hours. i hope are you all in the media happy because we are doing it for you. the white house official is not speaking accurately. do you think it's a waste of time. the charm offensive is actually kind of disjen white houingenuo? >> there has to be trust on both sides. we will welcome the president to the capitol today, we look forward to what he has to say. this has to be more than one step this is the first step in a long process of gett
rally around, one that controls spending, gets our economy healthy again and advances the serious reforms necessary to make government programs more efficient, effective and responsive to the needs of the americans. i asked them to please shelf the tax hikes. that's because we understand the negative effect more taxes would have on our fragile economy and the millions of americans still looking for work. it's also because we know washington democrats already got $600 million in taxes they demanded earlier this year. and remember, that's in addition to the more than $1 trillion they got in taxes from obamacare as well. so now it's time for the balance they promised. washington doesn't need to tax more. it needs to finally figure out how to spend less. i said these things were the least senate democrats owed the american people, given their lack of responsibility in not producing a budget for the last four years. i'm sorry to report that the plan they put forward yesterday will do none of these things. none of them. instead of getting washington spending under control, their propose
? >> it used to be a stock market was a direct barometer of america and america's economy. that is not necessarily the case anymore. main street malaise and frustration is valid. wall street, particularly talking about the dow jones industrial average, talking about the 30 biggest companies in this country, that move is valid as well. these guys are getting profits from outside of this country. the world can't get enough products from ibm. caterpillar 70% of the its business outside of this country. parent company of kentucky fried chicken, they don't care what happens here, the news from china better be good or their stock goes up and down. anywhere near all the cylinders that we could fire on and american public knows there and obviously they're very frustrated by it. martha: what do we have to do to get growth cooking back in this country again, charles? >> i got to tell you, i don't know over the next four years we will have the exact gameplan we need to be quite frank with you. there is different agenda out there controlling things, anti-business, anti-success agenda.
and the -- >> our economy needs these workers. >> did i sound like i was freaking out because i really didn't want to be. >> entitlement -- do you know why jesus was killed by the romans? it was about taxes. >> do you read the fox news version of the bible? ♪ >> we begin with the president in israel and historic trip marking the first time he's visited that country as president of the united states. touching down on the bright skies in tel aviv this morning the president was greet with a red carpet and all the ceremonial trappings of a state visit. joking with israeli prime minister benjamin netanyahu that it was good to get away from congress the president reaffirmed what he called the unbreakable bond between the two nations. a sentiment that was roundly reciprocated. >> the people of islam welcome you with open heart. we deeply appreciate your friendship and we share your hope that the middle east will enjoy a future freedom, prosperity, and peace. >> i'm confident in declaring that our alliance is eternal. it is forever. >> and while relations between the president and prime minister have be
. the longest winning streak since 1992. a lot of this is due to signs of an improving economy. yesterday we got a report showing weekly jobless claims fell, and this isn't just the dow. the s&p 500, a much broader index with 500 different stocks instead of 30 in the dow is within two points of its record high. and of course, the fed keeps pumping money into the economy every single month. $85 billion worth of money so there are all of these things lined up to push the dow higher. because of the rally there are a lot more millionaires in this country right now. spectrum group says nearly 400,000 new millionaires were mentioned last year. tally them up and there are 8.9 households with net worth over $1 million. so what's the secret? how did they get there? well, spectrum says these are people who buy stocks, they stayed in the market during the recession when less wealthy investors, people quite frankly in financial turmoil, had to bail out. and remember, warren buffett always says be greedy when ears are fearful and fearful when others are greedy. clearly 400,000 new millionaires minted in the
of the economy. the senate democratic budget recognizes none of this. partisan and in setone and complacent in substance it scores points against the republicans and re'assures the party's liberal base. in short this document gives voters no reason to -- >> with us from washington is david growing of "meet the press." that was. "the washington post" saying tough things about the democratic budget but let's commend. i'm commending democrats today and i -- let's commend the democrats for putting out a budget. because this is where we start the conversation and the conversation starts with two budgets that are both dead on arrival. but it's at least a starting point. >> i do think this return to regular order which speaker boehner has talked a lot about makes sense here. we have now seen, what, the last couple of years where republican leaders are really -- john boehner and negotiating directly with president obama is not working so why not let congress do its job and come up with competing visions of america's fiscal future and let them try to hash that out without the white house always bein
in a down economy. she goes to protest along with her seven-year-old daughter and her husband. mrs. hart begins reading from the constitution, county assessor and the appraiser hired by the county tell her to stop. as she was leaving the meeting, she called a pencil pusher and he was irate. and took her license number and when the harts got home they were waiting and claiming she threatened to shoot up the county building. she was arrested and charged with terroristic threats. >> i never made a threat. i never used the word gun, i never spoke of the word gun in a sentence. i never said second amendment. my focus was on my property rights and the dispute against the property assessment. >> reporter: keep in mind there were others at the meeting, but apparently only the appraiser hired by the county heard the threat. we contacted the county and they gave us the statement saying, quoting, here, the county assessor has never experienced this type of extreme behavior from a taxpayer. the police were notified because the asi representative, that's the appraiser, perceived the resident's state
. 662 billion. it's bad policy. it's bad for the economy. -for the country. however, the republicans did not have the votes to stop that, so what did they do? of the choice we would rather have only 2 percent of people's taxes go up instead of everybody's taxes go up. lou: and i understand the difficult choice, the toys that they found themselves in because they had been outmaneuvered. and did not think that they were sterling in there, if you will, tactics or strategy. >> well -- lou: i absolves them. >> thank you, francis. lou: well, if it's francis it's a different kind of deal, not about that. it's more likely to be about a mule. governor, we thank you very much. >> thank you for having me. lou: much more on the future of the republican party throughout tonight's show. stay with us. ♪ lou: president and the famous the proclaimed the era of big government to be over. boy, was he wrong. but this wrong? we take it up in tonight's "chalk talk." ♪ wall street streaking higher. will it go higher from here? charles schwab managing director randy fetter on this record rally. ♪ @í ♪
♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. bill: so onward we go, huh? two more weeks of lent. martha: two more weeks of lent as we were discussing. have a great day everybody. "happening now" starts right now. jenna: right now we have brand new stories and breaking news. >> the fbi on the scene of the university of central florida after a suspicious death there. plus explosives were found inside a dorm. we're live with breaking details. >>> the gop's bold new plan for the future. what the party needs to connect with voters it finds. >>> china out with a new warning for the united states about plans to beef up our missile defense system. how this could impact growing tensions with north korea. it's all "happening now.". >>> fox news alert on a campus in chaos. police are investigating a apparent suicide find weapons and explosive devices at the university of central florida. that is how we begin this monday. i'm jon scott. jenna: i'm jenna lee. ucf is canceling classes just hours after evacuating a dor
of people's savings. bankruptcy could rick shay through the fragile economies of europe straight to the u.s. a vote is expected in cyprus in the next couple of days. >> all right with a ban on supersized soda on hold michael bloomberg now taking aim at tobacco. it's to encourage young people from smoke according to the mayor. >> tobacco targets children, going neighborhoods where the bottom end of the economic ladder and they believe those people are more susceptible to add ads and less able to make the distinction. >> new york has some of the most restrictive antismoking regulations in the country, cigarettes banned in many public parks and other public places as well. >>> brings us to the facebook question of the day. what would you do to stop children from smoking cigarettes? d logon to wnn.com. mayor bloomberg is told to but out. >> when i cover my red wine from my cold, dead fingers i'm taking a stand. >> that's the question, how far do you go if it's really for the kids, how far do you go? >> it's about education. it's good they don't have the commercials on tv but bocks behind the
time to , 1/6to it, but health care of our economy. if the government can control that, they can control just about everything. we need to understand what is going on. there are much more economic models that can be used to give as good health care than what we have now. we were asleep at the wheel to let it happen. we have to find a way to make it work. if we have to work within the frameworks of the affordable health care act, fine. if we can find a way to defund its -- it, fine. 80% of the encounters between a patient and a health-care provider could easily be handled by a health savings accounts. with ofhe encounters the need to insinuates a third party or a bureaucracy that sucks out 1/3 of the money. we can use rich insurance and catastrophic insurance. toe of them, i do not want call them more runs, but they are similar to that. , but they are similar to that. read the book. obviously, i am thinking about those things. ofis almost laughable some the things i hear people say to criticize. they say, he is a neurosurgeon, he could not know anything about is not brain surgery.
that it will stay the course, staying the course, of course, means pumping money into the american economy especially concerns about a possible bailout in cyprus flare up. summer won't come soon enough for twinkie lovers. you know who you are. a bankruptcy judge approving hostess' sale to two investment firms and bringing twinkies, ho-hoes and ding dongs back from the dead. the deal said to be worth $410 million. the new owners hope to have twinkies and its snack cake brethren back on your store shelves by summer so you can stop with the locked door in your office and your stash. you'll be able to replenish it soon. and think you can trust labels at the shopping mall? think again. some clothing labeled as being made with fake fur was actually made with real fur. neiman marcus resolve clothing and dr. j.'s dotcom are settling false marketing charges with the federal trade commission. the retailers will not pay any fines but do promise to label all their products correctly going forward or face penalties. imagine if you were going to buy a pair of flats for example, this was a brand-name sli
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